Filter Coatings Market

Filter Coatings Market: Overview

The optical instruments make use of optical fibers that are utilized with a certain type of optical coatings, which is known as filter coatings. Augmented application of filter coatings in various end use industries, such as infrastructure and defense or security sectors are anticipated to play crucial role in the development of the global filter coatings market in the years to come. Use and demand for various electronic products, such as LCDs, desktops, laptops, and televisions are rising, which is likely to drive the demand for filter coatings.

End use, applications, and region are the three important parameters based on which the global filter coatings market has been classified.

Global Filter Coatings Market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global filter coatings market is mentioned as below:

• In March 2020, German manufacturer of optoelectronics and optical systems, Carl Zeiss AG, acquired Saxonia Systems AG, which is a provider of customized software solutions. The newly acquire company is expected to function under the brand name of Carl Zeiss Digital Innovation. This acquisition is expected to further the objectives of Zeiss to bringing more innovation to the market.

Some of the prominent organizations in the global filter coatings market comprise the below-mentioned:

• Carl Zeiss AG
• Denton Vacuum LLC
• 3M Precision Optics Inc.
• Newport Corporation
• Ophir Optronics, Ltd.
• JDS Uniphase Corporation

Global Filter Coatings Market: Key Trends

The global filter coatings market is characterized by the presence of the following restraints, drivers, and opportunities.

Increased Sale of Smartphones to Drive Demand for Filter Coatings

Filter coatings find extensive use in the manufacturing of visual devices and improve their transmission and reflection features. Besides, phenomenal rise in the sale of smartphones is expected to trigger growth of the global filter coatings market over the period of analysis, from 2020 to 2030.

Furthermore, there has been a rising government funding and initiatives to encourage use of renewable sources of energy, such as solar energy. Augmented use of solar energy is expected to drive the demand for filter coatings in the years to come.

Global Filter Coatings Market: Geographical Analysis

North America and Asia Pacific are two dominant regions in the global filter coatings market. Augmented use of renewable sources of energy is estimated to act as a growth factor for the market. In addition, increased sale of electronics, especially smartphones are likely to drive growth of the regional markets.